SG&A expenses for the quarter were $61 million lower compared to Q4 2023 and $176 million lower for the full year due to the structural headcount reduction from our restructuring program, lower advertising and travel, and lower variable compensation accruals.

Feb 4, 2025 / receipt, needs a key / Adona Anchiza, CFO | earnings call 2025-02-04 | transcript 6e7bfce1-8d68-4f05-a7ce-82215580fea7 | chars 10707-10966 | segment 10

Lower advertising and travel and structural improvements in our all sorts of services continue to provide a partial shield to the quarterly earnings.

Nov 8, 2024 / receipt, needs a key / Adone Anchisa, CFO | earnings call 2024-11-08 | transcript 44d29d0d-6f09-4e5d-9f42-3e35db65dfc6 | chars 12073-12222 | segment 12

But we're just not going to make the discretionary spends, whether it could be travel.

Jul 29, 2022 / receipt, needs a key / Scott, CEO | earnings call 2022-07-29 | transcript db89a0f6-6422-4267-83b8-62a8441a43a4 | chars 22523-22609 | segment 23

COVID travel restrictions made us split the validation work to secure efficient and effective progress, which actually accelerated our development work.

Feb 3, 2021 / receipt, needs a key / Scott, CEO | earnings call 2021-02-03 | transcript e17d4a2f-77d3-4f14-8e22-3062ee53d9cf | chars 20160-20312 | segment 20

What we're now looking to do is to convert as much of that as we can into kind of permanent savings, although you'll appreciate that some of those are kind of one-off savings, things like reduction in travel and some of the benefits, for example, from the furlough scheme.

Jul 31, 2020 / receipt, needs a key / Suzanne, CFO | earnings call 2020-07-31 | transcript e1af89d8-fbf3-43ea-948e-00083e2931ae | chars 44663-44935 | segment 44

We have reduced our discretionary expenses, including purchase services, travel and entertainment, and our senior management, including the entire board of directors and almost 900 members of our broader management team, have agreed to temporary reductions in their compensation.

May 6, 2020 / receipt, needs a key / Suzanne, CFO | earnings call 2020-05-06 | transcript 9cb0d05a-1c30-423f-9519-0736c8e69374 | chars 31488-31767 | segment 32